FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says
The failed crypto exchange made a total of $3.2 billion in payments to Bankman-Fried and other key employees. Source
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Paid
1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX
Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The
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Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company
"For efficient travel and use of time, Stone Tower Air is a charter flight company used in the past by Core Scientific for primarily transporting employees, clients, and potential clients between our data center sites in remote locations," which are often far from major airports, Chief Mining Officer Russell Cann
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Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’
The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.”On Feb. 15, attorneys for Eisenberg filed a motion in a New York District Court objecting to a lawsuit from Mango that asks
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Alameda Seeks to Recover $446M in Crypto Paid to Voyager After Lender’s Bankruptcy
Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token issued by FTX) and SRM (the token for the Serum protocol) as collateral for loans made
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Polygon Paid Top Solana Projects Y00ts and DeGods $3M to Migrate Chains
Vora went on to explain that the money would be used to expand the DeLabs team across departments such as business development, graphic design, content creation and event coordination. With expanded capital, he added, the startup can "launch higher quality projects" and "provide actually cool partnerships/deals/discounts/perks with real businesses." Source
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Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet
The firm had originally said on Sept. 13: “In practice, PoolinWallet will offer IOU-token to token single-direction swap in the Trade function, allowing users to trade their IOUBTC to BTC, IOUETH to ETH, IOUUSDT to either USDT or USDC, IOULTC to LTC, IOUZEC to ZEC, IOUDoge to Doge, quarterly. Also,
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Companies and investors may need to return billions in funds paid by FTX
The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange's collapse, an insolvency attorney told Cointelegraph.In short, a clawback refers to money
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FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from
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FTX's Blockfolio Stake Was Paid for Mostly in FTT: Bloomberg
Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday. Original Source
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